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Income Tax

ITAT Directs AO to Verify & Allow Assessee’s Depreciation Claim on Assets from Demerged Company

Case Law Details

Case Name
DCIT Vs Avichal Buildcon Pvt. Ltd. (ITAT Delhi)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2011-12
Advertisement DCIT Vs Avichal Buildcon Pvt. Ltd. (ITAT Delhi) In a recent ruling by the Income Tax Appellate Tribunal (ITAT) Delhi, a crucial issue regarding the allowance of depreciation on assets acquired through a demerger was addressed. The case, involving Avichal Buildcon Pvt. Ltd., shed light on the complex interplay between demerger transactions, depreciation claims, and government incentives. This article provides a detailed analysis of the case, emphasizing its implications and significance in tax law jurisprudence. Background: Avichal Buildcon Pvt. Ltd. emerged as a corporate enti...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,775

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